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REGISTERED NUMBER: 12630042 (England and Wales)











Financial Statements for the Year Ended 31 May 2023

for

THE HARTINGTON CHEESE SHOP LIMITED

THE HARTINGTON CHEESE SHOP LIMITED (REGISTERED NUMBER: 12630042)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HARTINGTON CHEESE SHOP LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C I Roberts
A L Roberts





SECRETARY:





REGISTERED OFFICE: The Old Cheese Shop
Market Place
Hartington
Buxton
Derbyshire
SK17 0AL





REGISTERED NUMBER: 12630042 (England and Wales)





ACCOUNTANT: Mourne & Co
10 Market Street
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0HH

THE HARTINGTON CHEESE SHOP LIMITED (REGISTERED NUMBER: 12630042)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 8,000 12,000
Tangible assets 6 49,011 64,422
57,011 76,422

CURRENT ASSETS
Stocks 7 12,000 16,000
Debtors 8 11,738 5,300
Cash at bank and in hand 65,653 55,541
89,391 76,841
CREDITORS
Amounts falling due within one year 9 33,979 41,253
NET CURRENT ASSETS 55,412 35,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,423

112,010

CREDITORS
Amounts falling due after more than one
year

10

-

1,000
NET ASSETS 112,423 111,010

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 112,323 110,910
SHAREHOLDERS' FUNDS 112,423 111,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE HARTINGTON CHEESE SHOP LIMITED (REGISTERED NUMBER: 12630042)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




C I Roberts - Director



A L Roberts - Director


THE HARTINGTON CHEESE SHOP LIMITED (REGISTERED NUMBER: 12630042)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

The Hartington Cheese Shop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies adopted in the preparation of the financial statements are set out below.

The financial statements have been prepared under the historic cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


THE HARTINGTON CHEESE SHOP LIMITED (REGISTERED NUMBER: 12630042)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 20,004
AMORTISATION
At 1 June 2022 8,004
Amortisation for year 4,000
At 31 May 2023 12,004
NET BOOK VALUE
At 31 May 2023 8,000
At 31 May 2022 12,000

THE HARTINGTON CHEESE SHOP LIMITED (REGISTERED NUMBER: 12630042)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


6. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 25,769 51,032 2,130 78,931
DEPRECIATION
At 1 June 2022 9,277 4,662 570 14,509
Charge for year 3,298 11,593 520 15,411
At 31 May 2023 12,575 16,255 1,090 29,920
NET BOOK VALUE
At 31 May 2023 13,194 34,777 1,040 49,011
At 31 May 2022 16,492 46,370 1,560 64,422

7. STOCKS
31.5.23 31.5.22
£    £   
Stocks 12,000 16,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 10,317 -
VAT 1,421 5,300
11,738 5,300

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 19,543 179
Taxation 10,644 4,842
Social security & other taxes 342 206
The Hartington Cheese & Wine Company
Limited

-

12,000
Directors' current accounts 437 21,013
Accrued expenses 3,013 3,013
33,979 41,253

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
The Hartington Cheese & Wine Company
Limited

-

1,000

THE HARTINGTON CHEESE SHOP LIMITED (REGISTERED NUMBER: 12630042)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 18,000 12,000
Between one and five years 72,000 27,000
90,000 39,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1.00 100 100

13. RESERVES
Retained
earnings
£   

At 1 June 2022 110,910
Profit for the year 25,413
Dividends (24,000 )
At 31 May 2023 112,323

14. ULTIMATE CONTROLLING PARTY

The company was throughout the period from incorporation to the balance sheet date under the control of the directors.